According to filings with Leon County and the City of Tallahassee, the number of single-family new construction permits were up 11.1% in March, 2023 when compared to March 2022.
There were 60 permits issued March 2023, up from the 54 issued one year ago. However, the value of the March 2023 permits was $11.5 million, down 32.4%, from the 17.0 million reported in March 2022.
The 3-Mnth Ave. data – which smooths out the month to month volatility – shows a 16.4% increase in the number of permits from one year ago. The 3-Mnth Ave. data also shows a 19.7%% decline in total permit value, from $12.7 million in 2022 to $10.2 million 2023.
The chart below shows the number of permits issued each month for the last 25-month period. A 3-Mnth Ave. line is also included. The chart shows that the upward in permits began in December, 2022.